Navigating New Cyber Insurance Challenges and Evolving Coverage
A comprehensive look at the changing landscape of cyber insurance in 2024, highlighting the industry’s response to increased cyber risks, evolving coverage, and regulatory challenges.
January 18, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
California
Texas
New York Proposes Guidelines for Fair AI Use in Insurance Underwriting
New York’s Department of Financial Services proposes new guidelines to ensure AI and external data in insurance underwriting don’t lead to unfair discrimination, emphasizing consumer protection.
January 18, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
New York
Swiss Re CEO Stresses Net-Zero Transition and Insurance’s Role at Davos 2024
Christian Mumenthaler, CEO of Swiss Re, highlights the unstoppable momentum of the net-zero transition and the critical feedback role of insurance premiums in climate change at the World Economic Forum.
January 18, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Florida Senate Advances Bill to Restructure Citizens Property Insurance
A new Florida Senate bill aims to transform Citizens Property Insurance Corp, focusing on high-value homes and removing premium caps.
January 17, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
Florida
Combating Insurance Fraud in Canada: The Digital Identity Solution
As insurance fraud rates rise in Canada, digital identity verification emerges as a key tool for balancing fraud prevention with customer experience.
January 17, 2024
Fraud
Insurance Industry
Risk Management
Technology
Insurtech Leaders Forecast a Tech-Driven 2024 in Insurance
Leading insurtech experts predict a 2024 marked by evolving risk management, AI-human synergy, and innovative insurance solutions.
January 17, 2024
Insurance Industry
Risk Management
Technology
Embracing Technology: The Future of Insurance in a Digital World
Discover how technology is revolutionizing the insurance industry with AI, RPA, IoT, and more, shaping a new era of customer experience and efficiency.
January 17, 2024
Insurance Industry
Risk Management
Technology
Underwriting
Winter Storm Triggers Deadly Avalanches Across Western U.S. During MLK Weekend
A severe winter storm brings a spate of dangerous avalanches, resulting in fatalities and heightened risks in the western U.S. during the long Martin Luther King Jr. Day weekend.
January 16, 2024
Catastrophe
Insurance Industry
Property
Risk Management
California
Idaho
IoT in Insurance: Moving Beyond Potential to Mass Deployment
A recent webinar with Hartford Steam Boiler and IoT Insurance Observatory experts reveals the imperative shift from potential to mass deployment in the IoT sector for insurance.
January 16, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Judge Limits Scope of Delaware’s Climate Change Lawsuit Against Fossil Fuel Industry
A Delaware judge’s ruling curtails certain claims in the state’s lawsuit against the fossil fuel industry, focusing on local air pollution effects.
January 15, 2024
Insurance Industry
Legislation & Regulation
Litigation
Risk Management
Delaware
Debate Arises Over Proposed Federal Catastrophe Reinsurance Program
The new federal catastrophe reinsurance bill faces scrutiny from America’s insurers, highlighting concerns over policyholder costs and insurance access.
January 15, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Risk Management
California
Reinsurance Market Sees Positive Shift Post-2023 Reset
Following the 2023 industry reset, the reinsurance market is experiencing a significant positive transformation, offering promising opportunities for investors and companies alike.
January 15, 2024
Insurance Industry
Risk Management
Underwriting
Embracing AI as a Beacon of Optimism in the Insurance Industry
Amid global challenges, the insurance industry’s future looks bright with AI-driven transformations enhancing risk management, policy recommendations, and employee experiences.
January 15, 2024
Insurance Industry
Risk Management
Technology
New York Governor Vetoes Bill Banning Noncompete Agreements, Keeping Current Laws in Place
Gov. Kathy Hochul’s veto of a bill to ban noncompete agreements in New York maintains the status quo, balancing business interests and worker rights.
January 12, 2024
Legislation & Regulation
Risk Management
New York
Cyber Insurance Market Sees Major Shift with Rising Premiums and Evolving Risks in 2023
The cyber insurance market experiences a shift with increased premiums, evolving cyber threats, and a focus on informed decision-making for 2024, as highlighted by Woodruff Sawyer.
January 12, 2024
Insurance Industry
Risk Management
Technology
